3. Eligible employees means those who are getting gross pay upto 10000/- or less per month. Apart from that there is a tax deduction., it includes the Income & professional tax. CTC means cost to the company.i.e .what are all the expenses incurred by the Company for any of its employee for a particular period(monthly/yearly) gross pay + employers pf+employers ESI + bonus = CTC i.e THE SALARY PAYABLE AND OTHER STATUTORY BENIFTS PAYABLE BY COMPANY. CTC ----CTC is cost to company and the components are Basic +HRA +CONVEYANCE +MOBILE REIMBURSHMENT +MEDICAL reimburshment +All allowances +LTA +employer cotri of PF +Employer Cotri towards ESI +Total variable incentives +Perks & benefits + insurance Premium (in case of Group insurance) Gratuity calculation t is been deposited @ 4.81% of Basic per month.. After completing 5 years of service one may claim Gratuity at the time of separation from the organisation and it is been paid @ 15 days of salary for per year of service... Like for 6 years of experience one's gratuity will be calculated with this formula-

Hope this will be useful for you. If you ve any other clarification pls do visit EPF : www.epfindia.com ESIC : www.esic.nic.in

ESI is contributed from both the sides Employee as well as Employer. It is been calculated on the basis of Gross salary per month and the maximum ceiling is 10000

Rs./Month. The contribution from both the sides is as belowEmployee Side- 1.75% of gross/month So if gross of an employee is 8000/month then ESI contribution would be 8000*1.75% = 140 Rupees Employer side- 4.75% of gross/month ESI contribution would be 8000* 4.75% = 380 Rupees. Whereas, PF is also been paid from both the sides.. Both the employer as well as employee is required to pay the 12% of basic salary.. Out of this 12% of employer's contribution 8.33% goes to Pension fund whereas rest 3.67% goes to the PF Fund itself..